Ca Insurance License Exam Study Guide - Updated 2024

What is the maximum amount payable for bail bonds under the personal auto policy? $250 $200 $100 $500 {Ans: $250}Which of the commercial property causes of loss forms cover theft? Only the special form The broad and special forms Theft is excluded from all forms The broad form {Ans: Only the special form}Which of the following would constitute a reason an exclusion to appear in an insurance policy? It is against public policy to insure contraband All of the answers are exclusions Non-verifiable losses,for example petty cash Non-verifiable losses,for example currency left on premises {Ans: All of the answers are exclusions}When must the insured notify the police under the P.A.P: Theft only Accidents that include only property damage For all accidents Hit and run accidents and thefts {Ans: Hit and run accidents and thefts}Supplement plans are meant to fill the gap in coverage that you find with medicare. What is true about these supplemental coverages D. Every company selling medicare supplement policies is required to have plan A C. They are not necessary for elders B. They require large premiums and deductibles A. They are federally observed {Ans: D. Every company selling medicare supplement policies